Eastman Chemical Company (EMN) : During the past 4 weeks, traders have been relatively bearish on Eastman Chemical Company (EMN), hence the stock is down -10.12% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.94% relative to the S&P 500. The 4-week change in the price of the stock is -9.19% and the stock has fallen -0.89% in the past 1 week.
The stock has recorded a 20-day Moving Average of 5.01% and the 50-Day Moving Average is 6.77%. Eastman Chemical Company (NYSE:EMN): On Fridays trading session , Opening price of the stock was $65.23 with an intraday high of $65.63. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $64.55. However, the stock managed to close at $64.79, a loss of 0.81% for the day. On the previous day, the stock had closed at $65.32. The total traded volume of the day was 1,005,421 shares.
The company Insiders own 1.1% of Eastman Chemical Company shares according to the proxy statements. Institutional Investors own 83.21% of Eastman Chemical Company shares. During last six month period, the net percent change held by insiders has seen a change of -22.41%. Also, In the latest statement by the brokerage house, RBC Capital downgrades its outlook on Eastman Chemical Company (NYSE:EMN). The current rating of the shares is Sector Perform, according to the research report released by the firm. Previously, the company had a rating of Outperform. The rating by the firm was issued on August 2, 2016.
Eastman Chemical Company (Eastman) is a specialty chemicals company that produces a range of advanced materials, chemicals and fibers. The Company operates through five segments: Additives & Functional Products (AFP), Adhesives & Plasticizers (A&P), Advanced Materials (AM), Fibers, and Specialty Fluids & Intermediates (SFI). The Company manufactures chemicals for products in the coatings and tires industries in transportation, building and construction, durable goods, and consumables markets in the Additives & Functional Products segment. The Companys A&P segment focuses on producing intermediate chemicals. The Companys the AM segment produces and markets specialty copolyesters, cellulose esters, interlayers. In the Fibers segment, Eastman manufactures and sells Estron acetate tow and Estrobond triacetin plasticizers. The Companys SFI segment offers products, such as acetyl chemical intermediates, olefin derivatives, specialty fluids, and alkylamines.